It takes courage to lead an organization with ethics. For instance, Leaders at AIG argued that they
Question:
It takes courage to lead an organization with ethics. For instance, Leaders at AIG argued that they were obligated to pay bonuses to executives even after the company was bailed out by the U.S. Government. They stated that they had a contractual obligation to pay these bonuses. Many people argued that the Leaders at AIG acted unethically when paying those bonuses. Others said they were justified in doing so.
Requirement: How does a leader find the courage to step through fear and confusion to act ethically despite the risks involved? Give an example of a business situation where you observed a leader acting unethically or ethically. Knowing what you know now, how would you have counseled the leader? Conclude your paper by describing how you will prepare yourself to lead ethically.
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-1259730191
4th edition
Authors: Steven Mintz, Roselyn Morris